Vietnam makes strides in poverty reduction: World Bank
Vietnam has made remarkable progress in poverty reduction in the 2010 – 2020 period, with the rate of poverty declining to only 5 percent from 16.8 percent, according to the World Bank (WB).
Vietnam has made remarkable progress in poverty reduction in the 2010 – 2020 period. (Photo: VNA)
Hanoi (VNA) – Vietnam has made remarkable progress in poverty reduction in the 2010 – 2020 period, with the rate of povertydeclining to only 5 percent from 16.8 percent, according to the WorldBank (WB).
The WB said over 10 million people were supportedto escape from poverty in the period.
The sudden outbreak of the COVID-19 pandemic at the end of the decade has stalled progress onwage increase and improvement in job quality, and delayed the poverty reductionprogress and effort.
The WB will release a report on poverty and equality in Vietnamin 2022 at a ceremony on April 28. The event aims to discuss povertyand inequality trends over the past decade, negative impacts of the COVID-19pandemic, and grinding poverty reductionchallenges facing the Southeast Asian nation.
൲ Participants to the event will focus on clarifying the path tomiddle and high income; related policies including the improvement of the qualityof higher education, the modernisation of social security system, and thedevelopment of public financial resources to meet the needs of an increasing middleclass.
Illustrative image (Photo: VNA)
According to the WB, Vietnam needs to have target povertyreduction policies and new strategies to help those who have escaped povertyachieve economic security, towards further accelerating poverty reduction and improvingliving standards in Vietnam for all people.
Currently, the rate of grindingpoverty in Vietnam still remains marginally higher in certain groups and this is also a challengeat the last leg of the poverty reduction journey in the country.
Equity investment in human capital is a necessary condition for inclusivelyreducing poverty and breaking the trend of intergenerational poverty.
According to the WB’s Macro Poverty Outlook for Vietnam in 2022 released onApril 22, the poverty rate in Vietnam is expected to decline in2022, but at a slower pace than pre-COVID-19.
Poor households were less able to cope with theimpact from income shocks and were more reliant on external sources such asborrowing.
💧 Vietnam’s poverty reduction is expected to resumein 2022 assuming GDP growth recovery to pre-COVID rates, but the impact of thecrisis may have longer term effects on rising inequality./.
Vietnam’s economic growth in the first quarter of 2022 was consolidated thanks to the solid performance of export-oriented manufacturing and recovering service sector, according to the Vietnam Macro Monitoring report recently released by World Bank.
Vietnam’s economic growth in the first quarter of 2022 was consolidated thanks to the solid performance of export-oriented manufacturing and recovering service sector, according to the Vietnam Macro Monitoring report recently released by World Bank.
Director-General of the Vietnam Social Security (VSS) Nguyen The Manh asked the World Bank (WB) to help the agency further improve the quality and effectiveness of its social and health insurance services during his meeting with WB Country Director for Vietnam Carolyn Turk in Hanoi on April 21.
The Ministry of Transport has submitted to the Prime Minister a proposal on investment policy for a project on developing inland waterway and logistics corridors in southern Vietnam.
Vietnam has over 4.8 million people exposed to AO/dioxin, including hundreds of thousands in the second, third, and even fourth generations. Many live with severe disabilities, facing high medical costs and loss of earning capacity.
Deputy Foreign Minister Dang Hoang Giang reaffirmed that amnesty is a humanitarian policy of the Party and State, reflecting the Vietnamese tradition of compassion and winning attention and high praise both domestically and internationally.
Vietnam officially grants limited-term visa-free entry to high-profile foreigners whose presence is deemed beneficial to the country’s socio-economic development.
With support from the Vietnamese Association in Ufa, Vietnamese language classes for children have been offered for many years. Currently, 60 children of various ages are attending two classes taught by Duc Anh, free of charge.
Vietnam ranked among the top four countries and territories at the 2025 International Olympiad on Artificial Intelligence (IOAI), reaffirming its strong position in international academic competitions.
All 20 crew members aboard the Vietnamese oil tanker GT Unity were successfully rescued from a fire in the vessel’s engine room, thanks to the swift response of the Liberian-flagged ship Androusa and Vietnamese maritime rescue teams.
Describing Agent Orange as one of the most severe and enduring legacies of the war in Vietnam, Vietnam's former Honorary Consul to Belgium Joseph-Michel de Grand Ry warned that its impact – still affecting generations more than five decades later – could last another two to three decades.
Running from August 4 to September 2, under the hashtag #TuHaoVietNam, the campaign invites participants in two categories: “I Love My Country” video clips and “I Love My Country” check-in photos.
Decree No. 219/2025/ND-CP, which took effect on the issuance date, introduces amendments that integrate the procedure for reporting and explaining the demand for foreign workers into the process of submitting applications for work permits.
With a tight 13-month deadline, the move is under a strategic and urgent policy to bridge educational gaps, train the local workforce, and shore up territorial sovereignty in some of the country’s most remote areas.
The parade and personnel send-off ceremony will officially take place on August 10 at the area surrounding the Statue of King Ly Thai To and Dinh Tien Hoang street of Hoan Kiem ward, with the participation of nearly 3,000 officers, soldiers, and local residents.
According to national technical regulations, AIS installation is mandatory for boats carrying more than 50 passengers. However, operators of smaller vessels (under 50 seats) in Ha Long Bay have voluntarily committed to completing installation by the deadline to enhance operational safety.
The activities include a Vietnamese language teaching training course for overseas Vietnamese teachers from August 13 to 28 in Hanoi, Ninh Binh, and Thai Nguyen.
Specifically, the ships will carry out patrols from 7am to 6pm daily along the main tourist routes in Ha Long Bay, with one ship permanently stationed at Ti Top island. From 6pm to 7am the following day, the mobile vessels return to Tuan Chau island to maintain a 24/7 on-call duty shift, ensuring constant readiness.
The Ministry of Construction (MoC) plans to open to traffic 208km of expressways of six key projects by August 19, bringing the country’s total expressway network to 2,476km.
As of July 1, a two-tier local government model started in 34 provinces and cities, streamlining administration but creating a surplus of public properties. If not promptly addressed, these assets could become a financial burden.
Whether they grow up to become journalists, diplomats, or professionals in other fields, these children can one day become bridges of friendship and cooperation, telling new and inspiring stories of Vietnam – China relations, said Ambassador Pham Thanh Binh.
A 21-year-old Indian tourist was successfully resuscitated and treated by doctors at Hoan My Da Nang Hospital after a near-drowning incident left him in critical condition. After three days of intensive care, the man was discharged from the hospital and has since returned to India.
In an document issued on August 5, the PM emphasised the need to stablise living conditions for people hit by floods, landslides, and flash floods in late July and early August in northern and north-central provinces, especially Dien Bien, Son La, and Nghe An which suffered some of the worst damage.
Although millions of Vietnamese were affected by AO, only over 626,000 individuals, including war veterans and their children suffering from dioxin-related conditions, are currently receiving state benefits.
Vietnam has made remarkable progress in poverty reduction in the 2010 – 2020 period. (Photo: VNA) 
Illustrative image (Photo: VNA) 
